USDCHF Forecast
The USDCHF had a bearish momentum last week bottomed at 0.9489 but closed higher at 0.9613. The bias is neutral in nearest term. Important range to be closely watched is seen between 0.9700 – 0.9550. We need a clear break from that range area to see clearer direction. A clear break and daily close above 0.9700 could trigger further bullish pressure testing 0.9750 – 0.9800. On the other hand, a clear break below 0.9550 could trigger further bearish pressure testing 0.9500 – 0.9450.
